Global Markets

Eurozone

From Global Markets 12:08 pm

Eurozone's Recession Poised to Continue in Q2 as PMI Data Disappoints

Markit's flash Eurozone Composite Output index showed a reading below 50 in May, indicating a contraction in business activity.

Japanese 10,000 yen notes

From Global Markets 10:50 am

Bank of Japan Announces Additional Stimulus to Contain Sudden Rise in JGB Yields

Yields on Japan's long-term government bonds rose to more than 1% for the first time in 2013.

European markets are bearish

From Global Markets 9:17 am

Stock Markets Slide in Europe as Nikkei Nose Dives 7%

Several Federal Reserve officials were in favour of slowing down bond-buying as early as their June meeting.

Australian Stock Exchange

From Global Markets 8:51 am

Australian Stock Market Report – Afternoon 5/23/13

The Australian sharemarket had its worst day in two months, pushed lower by Ben Bernanke's much anticipated testimony before congress last night. The All Ordinaries index (XAO) slumped by 2 per cent, adding to yesterday's 0.27 per cent losses.

Samsung Galaxy S4

From Tech 8:38 am

Apple Attempts Again to Ban Sale of Samsung Galaxy S4 Via Lawsuit Covering 5 Patents

Apple is again attempting to block the sale of the hot-selling Samsung Galaxy S4 through legal means. It filed a lawsuit with the U.S. District Court for the Northern District of California which will rule on Apple's request on June 25.

Lamb dish

From Politics & Policy 7:20 am

China Lifts Ban on New Zealand Lamb Mutton, Beef Meat

China has finally lifted the ban it imposed on New Zealand's lamb mutton and beef meat products.

Asia loses steam

From Global Markets 6:17 am

China's Contracting Factory Activity and Fed Comments Drag Down Asian Markets

Markets hit by China's manufacturing data and reports of Fed favouring slowing down bond purchase.

Ford Motor Co.

From Economy 6:14 am

Ford Formalizes Closure of Australian Plants: Telltale Signs Strong in 2012

The telltale signs have already been there as early as 2012. It was just a matter of when will Ford Australia finally collect its guts to formally announce the closure of its manufacturing plants in Australia. That time came on Thursday as Ford Australia finally confirmed it is closing down and letting go 1200 jobs in the process.

From Global Markets May 22

A Challenging Season For Myer

-Sales and consumer sentiment soft-Pressure on margins from discounting/costs-Online gaining traction

China manufacturing

From Global Markets 5:56 am

China Heads to Further Slowdown as Manufacturing Activity Contracts in May

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

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